LLY

ELI LILLY & Co

Ticker: LLYHealthcarePharmaceutical PreparationsS&P 500
HQ INDIANAPOLIS, INCIK 59478FY end 12-31Book / share $37.86Shares 895M
Revenue (FY)
$65.18B+44.70%
TTM $79.67B
Op. margin
0.00%
Net income
$20.64B+94.90%
TTM $26.71B
Operating cash
$16.81B+90.67%
TTM $28.08B
Free cash flow
$8.97B+138.61%
TTM $18.19B
Return on equity
78.84%+1.30%
TTM 78.84%
Debt / equity
1.60-0.77%
TTM 1.62
Shares outstanding
899.3M-0.53%
TTM 894.8M

The business

Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company founded in 1876 and incorporated in Indiana in 1901. The company discovers, develops, manufactures, and markets human pharmaceutical products worldwide, with operations spanning the United States, including Puerto Rico, Europe, and Asia. Products are sold in approximately 90 countries.

The company operates as a single business segment focused on innovative medicines across four primary therapeutic areas: Cardiometabolic Health, Oncology, Immunology, and Neuroscience. Major cardiometabolic products include Mounjaro and Zepbound for diabetes and obesity treatment, Trulicity for type 2 diabetes, Jardiance for diabetes and heart failure, and various insulin formulations. The oncology portfolio includes Cyramza, Erbitux, Verzenio, Jaypirca, Retevmo, and Inluriya. Immunology offerings comprise Olumiant, Omvoh, Taltz, and Ebglyss. Neuroscience products include Emgality for migraine prevention and Kisunla for Alzheimer's disease.

Lilly's distribution strategy combines traditional wholesale channels with innovative direct-to-patient approaches through LillyDirect, its digital health platform. In the United States, three major wholesale distributors—McKesson Corporation, Cencora, Inc., and Cardinal Health, Inc.—each account for significant portions of consolidated revenue. The company maintains its own sales organizations in many countries while utilizing third-party distribution arrangements in others.

The company's competitive positioning relies on intellectual property protection, including compound patents, data exclusivity, and trademark portfolios. Key products maintain patent protection through the 2020s and 2030s, with certain products benefiting from pediatric or orphan drug exclusivity extensions. Lilly faces competition from generic pharmaceuticals, biosimilars, and counterfeit products, particularly in the growing obesity medicine market where reimbursement barriers significantly impact sales volumes.

The company website is www.lilly.com. Lilly's long-term strategy centers on discovering and developing innovative, cost-effective products that deliver improved patient outcomes while maintaining operational efficiency in a highly competitive global pharmaceutical environment.

Sector
Healthcare
Industry
Pharmaceutical Preparations
HQ
INDIANAPOLIS, IN
FY end
12-31
CIK
59478
SIC
2834
Financial performance · annual
20132025
$-8.19B$15.77B$39.73B$63.69B$87.65B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds ELI LILLY & Co — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

1.7K
funds hold it
3 of 35
superinvestors hold it
$316.90B
fund-held value
29.7%
of shares held by funds
54
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
1.40%$32.27B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
1.47%$24.59B
iShares Core S&P 500 ETF
IVV · iShares Trust
1.47%$13.05B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
1.47%$11.50B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
1.35%$11.21B

Superinvestors in ELI LILLY & Co

Polen CapitalDECREASED -27.1%
Polen Capital Management
6.9%
Stanley DruckenmillerNEW
Duquesne Family Office
0.3%
Bill NygrenDECREASED -4.2%
Harris Associates (Oakmark)
<0.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 54 issues of ELI LILLY & Co's debt, $5.20B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.67%, maturing 20262066.

IssueCouponMaturesFundsFund-held
ELI LILLY & CO SR UNSEC 5.1% 02-12-355.100%2035-02-1258$322.72M
Eli Lilly & Co4.850%2036-05-2054$241.18M
Eli Lilly & Co4.180%Floating2028-10-1527$235.75M
ELI LILLY & CO4.900%2035-10-1564$221.38M
ELI LILLY & CO SR UNSEC 5.5% 02-12-555.500%2055-02-1263$195.28M
Eli Lilly & Co4.700%2034-02-0980$192.63M
LLY 4.375 05/20/314.375%2031-05-2054$185.41M
Eli Lilly & Co4.550%2032-10-1550$182.71M
LLY 4.75 02/12/304.750%2030-02-1272$179.24M
Eli Lilly & Co4.650%2033-05-2043$178.57M

The 10 largest by fund-held value, of 54.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of statements, narrative and filings — queryable over MCP.

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15 years of ELI LILLY & Co's financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

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